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20120930
20121008
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, the man who served as secretary for bill clinton. robert reich. and grover norquist, president of americans for tax reform. we're coming right back. >>> welcome back. something that very possibly could come up tonight is governor romney floating the idea of capping tax deductions at $17,000. would that effectively be a tax increase? and would it work to bring down the deficit? with us now robert reich who served as labor secretary under bill clinton and grover nor qui quist. >> he's made that commitment as has paul ryan and certainly the vast majority of republicans in the house. which is a commitment not to raise overall taxes. romney's committed to cutting all tax rates at least 20%. ryan and the house republicans want to go to a top rate of 25% corporate and individual. romney's made it clear. any changes are in the context of keeping overall taxes from going up and making sure the middle class doesn't get hit request higher taxes. it's not a tax increase, he's made that clear. >> mr. secretary, a lot of discussion about whether or not the wealthy or the middle class familie
,000 a year, we should go back to the rates we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus, and created a whole lot of millionaires to boot. the reason this is important is because by doing that, we can not only reduce the deficit, not only encourage job growth through small businesses but we're also able to make the investments that are necessary in education or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, those top 3%, they're the job creators they would be burdened. but under governor romney's definition, there are a whole bunch of millionaires and billionaires that are small businesses. donald trump is a small business. i know donald trump doesn't like to think of himself as small anything, but that's how you define small businesses if you're getting business income. that kind of approach i believe will not grow our economy, because the only way to pay for it without either bu
Search Results 0 to 1 of about 2